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Hi Ravi,
Renting an apartment via Airbnb and other short term booking websites is definitely a worthwhile venture.
Unfortunately we only manage short term rentals in Sydney at the moment, however, for the properties we have managed on behalf of property investors, we’ve managed to secure at least a 40% higher rental income from short term guests compared to long term tenants.
A key consideration in renting an apartment on Airbnb is to ensure you have adequate provisions to manage the guests. As hospitality is fundamental when hosting guests through it, which is where a property manager like us (MadeComfy) can assist, as we specialise in Airbnb property management.
Happy to assist anyone looking at renting their apartment on Airbnb as an option in Sydney and discuss the returns/yields we estimate to deliver.
Regards,
TimTim | MadeComfy
http://madecomfy.com.au
Email Me | Phone Me
